Credit union · NCUA insured
Piedmont Advantage Credit Union Carrot Score
A $382.5M credit union headquartered in Winston-Salem, NC, with 27,779 members and 6 branches in North Carolina.
Piedmont Advantage Credit Union Carrot Score
86
Carrot Score
Higher than 72% of U.S. banks and credit unions
- CDs86
- Savings88
- Auto loans69
- Credit cardsNot scored
Each bar is every U.S. bank and credit union, lowest score to highest. Choose a product to see its rates.
Where Piedmont Advantage Credit Union ranks
By Carrot score, in each area where it has branches
Scores run from 60 to 99; 90 and up means rates near the best in the country. Top Carrot marks a score of 87 or more, the top quarter of U.S. banks and credit unions. It’s about rates only, not safety, service or who can join.
By product
How each product scores
How its rates compare with every U.S. bank and credit union. Open a product to see them.
CDs
86top 26% nationally
| Term | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| 3-8 months | 3.00% | 31% | 3.50% | 3.82% | 4.05% |
| 9-15 months | 5.00% | 100% | 3.70% | 4.00% | 4.25% |
| 16-30 months | 3.25% | 45% | 3.35% | 3.85% | 4.20% |
| 31-60 months | 3.30% | 60% | 3.05% | 3.65% | 4.07% |
| Qualified | 5.00% | 99% | 3.85% | 4.15% | 4.35% |
Best rates 79.6 · all terms 67.8 → 74.9 → 86
Savings
88top 20% nationally
| Balance | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| $1,000 | 1.35% | 88% | 0.20% | 0.50% | 1.51% |
| $10,000 | 1.35% | 80% | 0.50% | 1.15% | 2.20% |
| $100,000 | 1.35% | 60% | 1.00% | 2.01% | 2.93% |
| Qualified | 1.35% | 75% | 0.60% | 1.31% | 2.43% |
Best rates 77.5 · all balances 76.6 → 77.1 → 88
Auto loans
69beats 24% nationally
| Vehicle | Its rate | Beats | U.S. median | Top 25% atTop 25% | Top 10% at |
|---|---|---|---|---|---|
| New vehicle | 5.25%counts as 5.50% | 28% | 5.00% | 4.74% | 4.25% |
| Used vehicle | 5.50%counts as 5.75% | 31% | 5.39% | 4.99% | 4.49% |
Best rates 30.7 · all vehicles 29.1 → 30.1 → 69
Credit cards
Not scoredWhere the score could improve
- CDs, 16-30 months3.85%3.25% today, higher than 45% of U.S. institutions. 3.85% would reach the top quarter; 4.20% the top 10%.
- CDs, 3-8 months3.82%3.00% today, higher than 31% of U.S. institutions. 3.82% would reach the top quarter; 4.05% the top 10%.
- Savings, $100,0002.01%1.35% today, higher than 60% of U.S. institutions. 2.01% would reach the top quarter; 2.93% the top 10%.
- To score in the 90sIts CDs already have a rate near the best in the country (5.00% at 9-15 months); its other CDs rates need to rank near the top too, so the weaker ones above matter most.
Scores update as rates change. Institutions can correct a rate we show; payment never changes a score.
Method
How the score works
- Each product gets a standingWe compare its CD, savings, auto loan and credit card rates with every bank and credit union in the U.S. and give each product a standing out of 100. Its best rates count the most. For loans and cards, lower rates rank higher.
- Its two best products set the scoreWe average its two strongest products. Each extra product it publishes adds 1.5 points, so sharing more rates can only help.
- Its rank puts it on the 60–99 scaleWe rank that number against every scored bank and credit union in the country to get a score from 60 to 99. The top quarter earn Top Carrot.
How Piedmont Advantage Credit Union got its score
Its products stand at 77.1 for savings, 74.9 for CDs and 30.1 for auto loans, out of 100. Its best two, savings and CDs, average 76.0. Publishing three products adds 1.5, for 77.5. That puts it in the top 28% nationally: a Carrot Score of 86.
The fine print: inside each product, its best rates make up 60% of its standing and all its rates the rest. Its best rates are its two best CD terms, its $10,000 and Qualified savings or money market rates, the better of its new and used auto loan rates, and its credit card purchase rate. The Qualified rate is the best $10,000 rate you can get by opening another account or meeting monthly requirements (or the standard rate, if that’s higher). Rates that need monthly activity get half credit for the extra they pay, and rates that need a combined balance count only from that balance. We subtract monthly fees and count an intro rate at what it earns over a full year. Accounts for kids, students, seniors, businesses, IRAs and health savings aren’t scored.